Brokers relinquish circular saw
Tuesday 11 June 1996
I think it was Winston Churchill who asked, after being appointed Chancellor of the Duchy of Lancaster, "What is a Duchy and where is Lancaster?" Anyway, Roger Freeman is the present incumbent, and Minister of Public Services to boot. Mr Freeman is also the minister responsible for implementing the Government's policy on Mad Cow Disease and the eradication thereof. The National Farmers' Union has invited the minister to address its north- eastern area on the subject, and obviously has a very clear idea of the Duchy's duties. In its announcement, the NFU dubs Mr Freeman simply: "Mr BSE."
Now that Lord Kingsdown has retired as Governor of the Bank of England he has more time to devote to his favourite hobbies such as bee-keeping and being Lord Lieutenant of Kent. But it's not all fun. Every month he has to head off to Basle for the board meeting of the Bank for International Settlements, the central bank for central banks. Lord Kingsdown has been a director since stepping down as Governor, and is succeeding Carlo Azeglio Ciampi as BIS vice-chairman. Not to worry, though. The BIS's formal meetings are extremely short. According to sources, all the real business is done informally. "The BIS is like a global restaurant for central bankers," the source said. Sounds like the ideal retirement job.
Howard Seymour, head of BZW's construction research team, recently sent his deputy, Chris Grant, on an analysts' trip to Denver, Colorado. A dozen analysts were there to hear a presentation by the giant construction firm Camas. The analysts took themselves off to a local Denver night spot called the I-Zone - where Mr Grant was refused entry. Apparently the doorman refused to believe Mr Grant was over 20 without suitable identification. Perhaps this explains Mr Grant's nickname among fellow analysts - "Student."
NatWest Ventures has just completed an MBO of an MBO - a pounds 20m secondary buyout of the Solicitors' Law Stationery Society. This supplier of paper and biros to the legal profession is better known as "Oyez" , and was formerly owned by that famous upholder of the law, Robert Maxwell.
One way to get going: The venture capital group 3i has done an analysis of 164 companies it has invested in, titled: The independent business sector - what does it take to be successful? By using "stepwise multi-regression and qualitative response models" (ooh-er), and cartoons such as the one below, 3i came to the startling conclusion that fast-growing companies have "a strongly focused business strategy" and high profits come from "product differentiation". Blow me down with a feather.
- 1 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 iOS 8 apps and features: eight iPhone settings you need to look at after you install the update
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Khorasan: Muhsin al-Fadhli - the man leading a terror group more feared by US officials than Isis
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Alicia Keys leaks own nude photo 'to create a kinder and more peaceful world'
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...
Up to £80000: Saxton Leigh: My client, a large commodities broker, is looking ...